By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Brexit fails to deliver opportunities says Public Accounts Committee
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > Brexit fails to deliver opportunities says Public Accounts Committee
Business

Brexit fails to deliver opportunities says Public Accounts Committee

By admin 5 Min Read
Share
SHARE

WhatsApp Loses Millions Of Its Users After Terms Of Service Update. image: Pixelate

A Public Accounts Committee report has said that the only detectable impact of Brexit so far, has been that it delivers an increased burden on business with added paperwork, costs and delays and that it fails to deliver opportunities.
The committee stated that much more work was needed by government to ease the administrative and cost burden of business, warning of lengthy border delays and lorry queues once passenger numbers return to normal.
The committee also called for an end to “overpromising” from the UK Government, dismissing the Government’s aim to create the “most effective border in the world” by 2025 as being “optimistic, given where things stand today”.
Dame Meg Hillier, Chair of the Public Accounts Committee, said: “One of the great promises of Brexit was freeing British businesses to give them the headroom to maximise their productivity and contribution to the economy, even more desperately needed now on the long road to recovery from the pandemic.
“Yet the only detectable impact so far is increased costs, paperwork and border delays.
“The PAC has repeatedly reported on Brexit preparedness and at every step there have been delays to promised deadlines.
“It’s time the Government was honest about the problems rather than overpromising.”
Referring to the new border arrangements the cross-party group of MPs urged the Government to fully calculate the extra costs and red tape and to look at ways to reduce this. They also called on the government to do more to help small firms prepare for the extra burdens and to consider further support.
Responding, the SNP’s Europe Spokesperson, Dr Philippa Whitford claimed it showed “Boris Johnson’s talk of ‘Brexit Opportunities’ and ‘Benefits’ is nonsense”.
She continued: “Indeed, this report highlights the hollowness of Jacob Rees-Mogg’s new role as Minister for Brexit Opportunities.
“Businesses have now spent years looking for the so-called opportunities they were promised would come from Brexit and haven’t managed to find any.
“Unless he follows in his leader’s footsteps, using bluff and bluster to get though his new role, it is hard to see what makes him think he will find these elusive Brexit Benefits – there simply aren’t any.
“Firms have been warning for years about the Brexit-related customs delays, soaring costs, red tape and reduced access to workforce – perhaps this report will make the Tory government sit up and listen.”
James Withers, Chief Executive at Scotland Food & Drink claimed the report showed Brexit was having a “detrimental impact” on trade.
He said: “The reality is, for a long time now, the problems of Brexit have been underplayed whilst the opportunities it promised have failed to materialise.
“For food and drink producers, trading with the EU has become more expensive, risky and time-consuming. Some smaller businesses have given up altogether.
“Until now, the UK Government has shown little interest in fixing the issues our sector has faced.
“UK food and drink exports fell by £1.3 billion in the first nine months of 2021. That is the price we are paying for this type of hard Brexit, all for a set of benefits that remain invisible to most businesses.
“In 2022, let’s grasp the nettle and be honest about the challenges we face and make a concerted effort to overcome them.”
The government has yet to respond to the report by the Public Accounts Committee that says Brexit fails to deliver opportunities but rather has increased the burden on business.


Thank you for taking the time to read this article, do remember to come back and check The viraltrendingcontent website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

You Might Also Like

What’s causing the crypto sell-off, who is losing, and will it last?

How on earth has this FTSE 250 stock fallen 49% in a year?

VerifiedX taps Crypto.com to provide institutional-grade custody and liquidity support

VERIFACTU: The new invoicing reality every expat in Spain needs to understand

The Johor-Singapore SEZ will be more than an ‘industrial park with a nicer brochure,’ says the chair of the state’s investment committee

TAGGED: Brexit, Business, Business News, News, UK
Share This Article
Facebook Twitter Copy Link
Previous Article Romania and Bulgaria partially join Europe’s Schengen travel zone, but checks at land borders remain
Next Article Denver’s 2024 street sweeping season is getting underway
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

What’s causing the crypto sell-off, who is losing, and will it last?
Business
This Lightweight Laptop Is Almost Half Off
Tech News
New SonicWall SonicOS flaw allows hackers to crash firewalls
Tech News
Sixteen European national football teams to battle for four World Cup spots in March playoffs
World News
Amazon Clears Out eero 7 WiFi 7 Router (3-Pack) at an Almost Free Per Unit Price in a Bold Black Friday Move
Gaming News
How on earth has this FTSE 250 stock fallen 49% in a year?
Business
VerifiedX taps Crypto.com to provide institutional-grade custody and liquidity support
Crypto

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

What’s causing the crypto sell-off, who is losing, and will it last?

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
What’s causing the crypto sell-off, who is losing, and will it last?
November 20, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?